Friday, March 30, 2012

Tibet Water 5100 - partial sale

This morning I sold the shares in Tibet Water 5100 (HK:1115) which I had purchased at HK$1.82 on Wednesday for HK$1.89/1.90. The profit was 3.2% (net of costs) for a two day holding period. I still hold the remaining shares purchased at higher prices.

As an aside, I attempted to pick up some shares in SHK (HK:16) at HK$92.00 this morning on expectation of a big drop following the arrest of the company's two co-chairmen (among others) in a corruption scandal. Unfortunately, the shares only got as low as HK$94.00 so I missed out.

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